Commentary: Gold consolidated at the upper end of Friday's range to start the week. The $1523-28 support region remains key for the pair as the weekly chart continues to show, with a close below then seeing the 200-weighted moving average targeted. Interesting to note that gold has not looked back since closing back below the 100-weighted moving average earlier this year and a close below the 200-weighted moving average could react similarly.

Market News International & WorldWideMarkets

Chart: Bloomberg

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